Meaningful Management Reports for SMEs

Every business reaches a point where the owner/managers time needs to be focused on development and growth. To enable this, they need up-to-date and accurate information on cashflow, margins & profitability.

Overview

This event will make you a power bookkeeper. You already know how to prepare financial reports, but the real value clients or employers want from you is meaningful monthly management accounts.

Every business reaches a point where the owner/managers time needs to be focused on development and growth. To enable this, they need up-to-date and accurate information on cashflow, margins & profitability.

Attend this webinar and learn how to answer your clients most burning questions?

1. Am I pricing my jobs right?
2. Did I make more this quarter than last?
3. Who are my most profitable customers?
4. Do I have enough cash to make payroll?
5. Who are my most and least productive staff?

Learning Objectives

The objective of the course is to provide delegates with an understanding of:

The difference between financial reports and management reports.

Type of management reports and how to use them.

Type of management reports and how to use them.

How to provide regular feedback on the performance of the business.

How to help clients control overheads and costs.

How to prepare meaningful cashflow forecasts.

Course Content

The course will cover the following topics:

Dashboard Reports on all key aspects of the business.

Monthly Profit Loss with Year to date.

Balance Sheet.

Cash Flow forecast.

Comparing budgets and forecasts.

What are the sales, expenses, debtors and creditor trends looking like?

Identification of abnormal or non-recurring charges and income.

Age analysis of Debtors with provision for bad debt.

Age analysis of reconciled creditors highlighting creditor accounts due for payment.

Summary of outstanding taxes due.

What capital expenditure are you likely to incur in the next few months and can you finance it?

Obtaining your CPD certificate

Attendance of this 4-hour webinar will accrue 1 CPD hour for members of a relevant professional body such as ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA.

Complete the free online assessment at the end of the event and receive an additional 4 CPD hours.

Who should attend

Bookkeepers.

Junior accountants.

Practitioners that want a refresher on management accounts.

SME finance staff.

Investment

If you are an existing CPD subscriber on the Certified Bookkeeper package, you will be able to register for this event free.

Members who are not existing Certified Bookkeeper CPD subscribers pay R399 for the webinar